International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Red box

Economy; International economics

A category of subsidies that is forbidden under WTO rules. This terminology is used in the Agriculture Agreement, where however there is no red box. Presumably equivalent to prohibited subsidies. See ...

Redistribution

Economy; International economics

A policy that taxes some individuals and uses the proceeds to pay transfers to others.

Revenue deficit

Economy; International economics

1. In general use, this seems to be essentially the same as a budget deficit, but with attention given to the low level of revenue rather than to the high level of expenditure. 2. More precisely, ...

Reversal

Economy; International economics

1. See factor intensity reversal. 2. See demand reversal.

Ricardo-Viner Model

Economy; International economics

A specific factors model with a single specific factor in each industry and one mobile factor, named after two of the many who used this as the standard model of trade prior to the Heckscher-Ohlin ...

Risk

Economy; International economics

1. Uncertainty associated with a transaction or an asset. 2. The probability of loss. Differs from definition 1 because "uncertainty" includes probability of gain as well.

Risk premium

Economy; International economics

1. The higher expected return (in the sense of mathematical expected value) that an uncertain asset must pay in order for risk averse investors to be willing to hold it. 2. The difference between the ...